FEDNAT HOLDING CO FILES (8-K) Disclosing Results of Operations and Financial Condition, Financial Statements and Exhibits

Item 2.02. Results of Operations and Financial Condition.

Fourth Quarter 2021 Catastrophe Losses

FedNat Holding Company (the "Company") estimates, as of the date of this Current
Report on Form 8-K, that catastrophe weather losses incurred during the quarter
ended December 31, 2021, will reduce its fourth quarter net income by
approximately $8 million, net of reinsurance recoveries and other offsets
including affiliated fees, on both a pre-tax and after-tax basis. Catastrophe
weather losses in the quarter were driven primarily by seven notable storms that
impacted Florida, Texas and Louisiana. Approximately $3 million of these net
catastrophe losses are related to books of business that the Company is in the
process of running off, as previously announced, including FedNat Insurance
Company's non-Florida book as well as Maison Insurance Company's book of
business.

The Company also recorded $4 million of reserve strengthening, net of
reinsurance recoveries and other offsets including affiliated fees, related to
September 30, 2021 and prior accident quarters. This strengthening related
primarily to the multiple hurricanes that occurred in the second half of 2020
and additional net retention of losses therefrom related to gaps in
excess-of-loss reinsurance coverages during the 2020-2021 treaty year.

                         _____________________________

This Current Report on Form 8-K contains statements that may be deemed
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
statements are therefore entitled to the protection of the safe harbor
provisions of these laws. Forward-looking statements generally may be identified
by the use of forward-looking terminology such as "anticipate," "believe,"
"budget," "contemplate," "continue," "could," "envision," "estimate," "expect,"
"forecast," "guidance," "indicate," "intend," "may," "might," "outlook," "plan,"
"possibly," "potential," "predict," "probably," "pro-forma," "project," "seek,"
"should," "target," "will," "would," "will be," "will continue" or the negative
thereof or other variations thereon or comparable terminology and, in this
report includes our statements regarding estimated catastrophe losses,
reinsurance coverage and recoveries, affiliated fees and reserves. The Company
has based these forward-looking statements on its current expectations,
assumptions, estimates and projections. While the Company believes these
expectations, assumptions, estimates and projections are reasonable, such
forward-looking statements are only predictions and involve a number of risks
and uncertainties, many of which are beyond the Company's control. These and
other important factors may cause our actual results, performance or
achievements to differ materially from any future results, performance or
achievements expressed or implied by these forward-looking statements.
Management cautions that any such forward-looking statements are not guarantees
of future performance, and readers cannot assume that such statements will be
realized or that the forward-looking events and circumstances will occur.
Factors that might cause such a difference include, without limitation, final
results regarding catastrophe losses, additional reinsurance purchases, loss
ratio performance of business, as well as the risks and uncertainties discussed
under "Risk Factors" in the Company's 2020 Form 10-K, and discussed from time to
time in the Company's reports filed with the Securities and Exchange Commission.
The Company expressly disclaims any intent, obligation or undertaking to update
or revise any forward-looking statements made herein to reflect any change in
our expectations with regard thereto or any change in events, conditions or
circumstances on which any such statements are based.

                Item 9.01.     Financial Statements and Exhibits.


(d)      Exhibits.
         Cover Page Interactive File (the cover page tags are embedded within the Inline
104      XBRL document).

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